How long does bankruptcy affect a credit score?

Answer According to the Office of the Comptroller of the Currency, a bureau of the U.S. Treasury Department, the Fair Credit Reporting Act permits a credit bureau to report a bankruptcy for 10 years after... Read More »

Top Q&A For: How long does bankruptcy affect a credit score

How long does bankruptcy affect your credit?

Bankruptcy can affect your credit report for seven to 10 years and can potentially cripple your chances of receiving credit in the future. Chapter 7 and Chapter 11 bankruptcy remains on your credit... Read More »

How long does bankruptcy stay on your credit score?

Bankruptcy typically stays on credit reports for seven to 10 years. Chapter 7 bankruptcy, the most common kind, results in the sale of the filer's property to be used to pay back debtors. Chapter 1... Read More »

How long does derogatory data affect a credit score?

Derogatory information on your credit report typically affects your credit score for seven years, except for Chapter 7 bankruptcies, which remain for a decade. The older derogatory data is, the sma... Read More »

How long does a credit inquiry affect a FICO score?

Credit inquiries stay on your credit report for two years, but they only impact your FICO score for one year. The only inquiries that impact your FICO score are the applications for credit that you... Read More »